MINA Coin, a prominent player in the zero-knowledge (ZK) networks, is advancing its ecosystem, previously characterized by a lack of substantial applications compared to its rivals. Recent announcements reveal significant strides in development. What are the specifics of these updates? What are the anticipated price targets?
What Updates Are Being Introduced for MINA Coin?
A brief look at the roadmap indicates that the Prokit, aimed at simplifying complex application development on the Mina network, will debut by the end of November. By December 2024, asset bridging with Ethereum (ETH) is anticipated, facilitating liquidity movement between the two networks. Additionally, a major decentralized exchange (DEX) rollout is planned for early 2025.
How Will These Features Impact MINA’s Price?
Plans for launching private identity verification APIs on the mainnet and a wallet API to boost mobile wallet development are set for February 2025. Furthermore, comprehensive support for NFTs will be introduced by January 2025, indicating a robust expansion of functionalities.
Today’s announcements also spotlight the introduction of token support for the Auro browser wallet, enabled by the release of the Mina Fungible Token Standard. This feature will allow developers to create applications that support various digital assets, enhancing user transaction capabilities.
Key insights from the latest developments include:
- Prokit launch by November, enhancing application development.
- Asset bridging with ETH expected by December 2024.
- Diverse token support integrated into the Auro wallet.
- Price outlook of $0.575 as a current support level with targets of $0.9 to $1.72 by 2024.
Currently, MINA’s price is supported at $0.575, requiring a weekly closure above $0.726 to aim for higher targets of $0.9 and $1.04, potentially reaching $1.72 within the next year.
